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Ethereum (ETHUSD) Continues Its Bearish trend – Analysis – 05-06-2026
Ethereum (ETHUSD) extended its decline in recent intraday trading amid a dominant short-term bearish trend. The price continues to move below the EMA50, reinforcing persistent downside pressure and limiting any meaningful recovery attempts.
Further weakness is supported by signals from the relative strength indicators, which are showing renewed bearish momentum after previously reaching overbought conditions. This increases the likelihood of continued losses in the near term.
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